Market Size of Japan Uninterrupted Power Supply (UPS) Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 3.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Japan UPS Market Analysis
The Japanese Uninterrupted Power Supply (UPS) market is expected to register a CAGR of over 3.5% during the forecast period. Several industries were affected by the COVID-19 pandemic, including the UPS industry. Many UPS manufacturers closed their manufacturing plants due to the outbreak, which affected sales and operations. However, post-COVID, the market has recovered, as the country witnessed growth in infrastructure projects for data centers and financial institutions. This, in turn, has driven the demand for UPS systems.
- The Japanese USP market is expected to witness a boom due to the growing demand for IoT and smart buildings, the increasing number of data centers worldwide, virtualization and cloud computing, and the adoption of multiple cloud infrastructures and network upgrades.
- On the other hand, the high cost of online UPS and a few limitations of UPS for protecting heavy appliances from power failure may negatively impact the market's growth.
- Nevertheless, the technological developments to enhance the performance of UPS systems for data centers place umpteen opportunities for the market in the country. For example, in 2021, Fuji Electric Co. Ltd, one of the industry leaders in the Japanese market, launched the all-new 7500WX series of UPS systems, a high-capacity UPS system, particularly for data centers.